Correct: MarketWatch.com narrows Q2 loss

SteveGelsi

NEW YORK (CBS.MW) -- MarketWatch.com
mktw
reported a second-quarter net loss of $209,000, or a penny per share, compared with a loss of $4.1 million, or 24 cents per share, in the year-ago period. Revenue was $11.1 million, compared to $12 million last year. The San Francisco-based company reported its fourth consecutive quarter of positive EBITDA, with $706,000 in the second quarter. Advertising revenue, which includes online and broadcast sales, totaled $5.4 million in the second quarter, up 4 percent from the first quarter and relatively flat from the year-ago period. Separately, MarketWatch.com said it'll buy Pinnacor Inc.
PCOR, +0.79%
formerly known as ScreamingMedia, in a $103.2 million deal to combine the firms' financial products. MarketWatch shares rose 24 cents to $9.10 on Tuesday. Pinnacor added 7 cents to $2.22. MarketWatch.com is the publisher of this report. Viacom
VIAB, -1.11%
and Pearson
PSO, -0.51%
own significant stakes in MarketWatch.com. This item corrects an earlier version, which listed cash flow in place of EBITDA.

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